Business
Groundbreaking Collaboration to Reduce Burden of Diabetes in Pakistan through Dream Diabetes and SMILE
Considering the current economic challenges and to ensure access to healthcare, Getz Pharma and M.E.D Consultants signed an MOU for the project Dream Diabetes: SMILE (Simplifying the Life of People with Type 1 Diabetes...
Business
IT Exports Soar to Record High of $303 Million in December 2023
In a monumental achievement, Pakistan has set a new record for its monthly IT exports, reaching an unprecedented high of $303 million in December 2023. This milestone not only underscores the robust growth of...
Technology
AI Tools Now Capable of Mimicking Human Handwriting
In a groundbreaking development, AI tools have achieved a significant milestone by gaining the capability to replicate human handwriting. This advancement marks a noteworthy stride in the realm of AI, demonstrating the technology's evolving...
Business
Foreign Direct Investment Surges by 538% in December 2023
In a remarkable economic upswing, the Foreign Direct Investment (FDI) in Pakistan has experienced an extraordinary surge, witnessing a staggering 538% increase in the month of December 2023. This unprecedented growth in FDI signals...
Business
Telecard Shareholders Approve Sale of 81.8% Stake in Supernet
In a pivotal decision, the shareholders of Telecard Limited have granted their approval for the sale of an 81.8% stake in Supernet, a subsidiary, to Hallmark Technologies. This strategic move signifies a significant restructuring...
Business
Current Account Surplus Reaches Highest Point in 5 Months
In a positive economic development, Pakistan has recently achieved its highest current account surplus in five months, signifying a noteworthy turnaround in the country's external economic indicators. This surge in the current account surplus...
Business
Khushhali Microfinance Bank Limited Celebrates Highest Recovery Mark and Deposit Base for Fiscal Year 2023
Khushhali Microfinance Bank Limited (KMBL), the first-specialized microfinance bank in Pakistan, commemorated its achievement for the fiscal year 2023 (FY 2023). The newly established recovery unit of the microfinance bank has set new benchmarks,...
Business
Power Sector Reforms Gaining Momentum in a Bid to Impress IMF
Pakistan's power sector is currently undergoing substantial reforms. These initiatives, collectively referred to as "Power Sector Reforms," aim to address critical challenges, enhance efficiency, and create a sustainable and transparent energy framework in the...